📍 US employment data continues to be revised downward

📌 For 13 consecutive months, US employment figures have been revised downward after updates. A total of approximately 710,000 jobs have been removed from the initial statistics, averaging about 55,000 jobs per month.
📌 In particular, December was revised downward by an additional 17,000 jobs, marking the fifth decline in the last 9 months following data updates.
📌 Clearly, the picture of the US labor market has been overly optimistic. If this trend continues, pressure on the Fed could increase, as the health of the labor market is much weaker than the headline data previously reflected.